Client Investment
Strong yielding single let
- 3 Bedrooms
- 1 bathroom
7%
Annual Return on Investment
- 5% Gross Yield
- Annual Income: £3,187
- Money Invested: £42,835
Client Investment
Strong yielding single let near Leeds
- 3 Bedrooms
- 1 bathroom
7%
Annual Return on Investment
- 5% Gross Yield
- Annual Income: £3,187
- Money Invested: £42,835
Client Investment
Discounted new build property
- 3 Bedrooms
- 1 bathroom
7%
Annual Return on Investment
- 5% Gross Yield
- Annual Income: £3,187
- Money Invested: £42,835
Project summary
Bought directly from the vendor using our network of contacts. The location was key to our purchase, with the property located in an area renowned for excellent schools and main transport links for both Bradford and Leeds.
A semi-detached property that has a separate garage and gardens front and rear. The street is a private cul-de-sac and we know would have high rental demand. Refurbishment needed was kitchen, bathroom and decorating throughout.
Currently rented to a young couple with their first child which bodes well for a long term rental.
Property location
The property is based in the UK's City of Culture 2025, Bradford city. Referred to as the hidden gem for property investing, the vibrant city of Bradford has strong rental demand. It is located just 10 miles from the powerhouse city of Leeds.
Financials
Our client leveraged their cash using a mortgage to purchase this excellent investment. With house prices in the city increasing by 15.8 per cent in 2021, the 11th largest increase in the country, it gives our client an opportunity to extract further cash from the property in the future.
Cash Invested
£42,835
- Purchase price: £117,000
- Mortgage @ 75%: £87,750
- Deposit: £29,250
- Legals: £875
- Stamp Duty: £3,510
- Refurb costs: £9,200
- Total invested: £42,835
Annual Net Income
£3,187
- Total monthly rent: £550
- Monthly Mortgage + costs: £285
- Monthly Net Income: £265
Annual ROI
7%
- Gross Yield: 6%
Get in touch and start growing your portfolio
Submit our contact form and a member of our team will be in touch to schedule a call.
During the call we will discuss the following:
- Your property investing aims and goals.
- We will answer any questions that you have about our service or property investing in general.
- Zero sales talk on our behalf or pressure to proceed.